The remittances inflows increased in Nepal 25.3% to Rs 794.32 billion in eight months of current fiscal year 2022/23, according to the macroeconomic and financial situation issued by Nepal Rastra Bank (NRB).
The remittance amount is against a decrease of 1.3% in the same period of the previous year.
In US Dollar terms, remittances inflows in Nepal increased 14.8% to 6.09 billion until mid-March against a decrease of 2.6% in the same period of the previous year.
Likewise, the number of Nepali workers (institutional and individual-new) taking approval for foreign employment increased 54.3% to 351,761 during the eight months time. The number of Nepali workers (Renew entry) taking approval for foreign employment increased 8.0% to 192,559 in eight months of the current FY. The number of workers taking approval had increased 240.9% in the same period of the previous year.
The net transfer increased 23.9% to Rs 876.07 billion until mid-March in current FY. Such a transfer had decreased 1.6% in the same period of the previous FY.
